Should the benefits of the lockdown to control the spread of the pandemic outweigh the cost to the U.S. economy

DISCUSSION RESEARCH FORUM TOPIC:

The Covid-19 pandemic has a devastating impact not only on U.S. businesses, big and small, in just a month and a half of lockdown imposed on the country but global businesses as well. Some businesses and industries are hit harder than others, such as the oil industry with “negative prices” and some companies are filing for bankruptcy. Should the benefits of the lockdown to control the spread of the pandemic outweigh the cost to the U.S. economy and businesses resulting in 30 million people being laid off and thrown into unemployment and long lines at the food banks? Or is there a balance?

PART 1 (1 Original Research) During PART 1 of the discussions, for your first post, you will submit One Original Research Post of no more than 200 words on the analytical summary and conclusion of your research on the given discussion topic above. Please stay on the topic. This post should include at least 3 references and citations of live web links to information sources you are citing to support your arguments. (Wikipedia is not acceptable as citation and sources.).

Part 1 Assessment- Your Original Research Post will be graded for quality, well supported research, integration of source information, accuracy, professionalism, proper citation and timeliness. Wikipedia and your textbook should not be cited as source information.

***outside research on the topic and readings from the textbook. through your research, analysis and application of the knowledge you have gained from your preparation and participation. To receive the regular participation points, you must contribute to the discussion by demonstrating the quality of your knowledge from your research and readings.

I have an example for other student work and I want the best.

Exp 1:

This global pandemic and the subsequent shutdown of the U.S have completely devastated businesses. However, there are ways moving forward to have a shutdown without such large losses. Companies like Rockwell Automation are already back to pre-pandemic conditions on the stock market. Tech companies like Tesla and Fiverr are also providing opportunities by developing systems to employ people remotely on a mass scale and replacing drivers with artificial intelligence. During an event like the 2020 pandemic in the future, technological breakthroughs and companies like the ones stated above can help unemployment numbers and can prevent unneeded human interactions. The shutdown has encouraged this by rewarding firms who have prepared well and have implemented technological systems to mitigate losses. Successful companies should help lead the way forward to prevent mass unemployment and help those that need to empower their employees instead of firing them. Remote work and technological empowerment will allow people to work under many conditions where they could not before and robust systems should be encouraged for companies to prevent mass layoffs. There can be a balance.

Exp 2:

Since the outbreak of the novel Coronavirus in the United States, and aboard, many companies have been forced to close their doors in order to effectively combat the spread of the virus through stay at home orders. Now a balance is being struck between companies, employees, and the government to help keep the economy from crashing and to keep people safe. In order to cut done on unemployment many companies have moved all their employees to online work, any many of companies are even hiring remote workers for industries such as software, healthcare, and e-commerce (1). The Government is attempting to combat the economic impact of COVID-19 in many ways such as delays on federal tax filing, stimulus packages, small business reliefs, and extended unemployment benefits (2).

All of these measures are appearing to have an impact on the balance between economy and safety, with some experts saying that the measures being implemented now will help expedite the economy’s recovery in the future. However, if the coronavirus continues, we might start to see more permanent issues with the economy (3).

https://www.foxbusiness.com/money/coronavirus-companies-hiring-work-from-home-jobs

https://www.debt.org/advice/relief-options/coronavirus-covid-19-financial-assistance/

https://markets.businessinsider.com/news/stocks/jamie-dimon-us-economy-headed-fairly-rapid-recovery-coroanvirus-recession-2020-5-102923766